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The Loop

The Loop

A Monterey country club is bankrupt

February 06, 2009

Golf absorbed another body blow when Pasadera Country Club in Monterey, Calif., filed for bankruptcy protection, citing annual losses recently of $1 million.

Pasadera features a Jack Nicklaus Signature course that opened in 2000.

Golf failing in this part of the country is a telltale sign of an ailing industry in a tough economy.

-- John Strege